The company announced a planned spin-off of its Missile Solutions business, supported by a $1 billion convertible preferred investment from the U.S. Department of Defense. This partnership will create a dedicated, publicly traded solid rocket motor manufacturer, with an anticipated IPO in the second half of 2026. Analysts view the move as unlocking value by separating a higher-growth segment from the larger conglomerate. The stock reached record highs following the announcement, which aligns with a potential industry trend toward deconsolidation.